Tuesday, February 3

Business

First HoldCo appoints new board members across subsidiaries

First HoldCo Plc has announced the appointment of new members to the boards of directors of some of its subsidiaries. The financial services group stated in a regulatory filing that the move followed receipt of regulatory approvals from the Securities…

Bitcoin Power Law Gives ,000 as Key Bear Market Level

Bitcoin (BTC) faces a “do-or-die” price point if 2026 becomes a classic bear market year.Key points:Bitcoin four-year price cycles and bear markets remain relevant, the latest power law analysis says.2026 may see a BTC price support showdown with $65,000 as…

Russians Ask if Pensions Can Be Paid in Crypto as Adoption Rises

Inquiries about whether pensions can be paid in crypto have become one of the most frequent non-standard requests received by the Social Fund of Russia, a state-run institution responsible for managing Russia’s public pension system.In 2025, the Social Fund’s call…

Tennessee Orders Kalshi, Polymarket, Crypto.com to Halt Sports Betting

Tennessee’s sports betting regulator has ordered prediction market platforms Kalshi, Polymarket and Crypto.com to halt the offering of sports event contracts to residents of the state.In cease-and-desist letters dated Friday, the Tennessee Sports Wagering Council (SWC) accused all three platforms…

AfDB, TCN advance Alaoji–Onitsha power line reconstruction

The Transmission Company of Nigeria, in partnership with the African Development Bank and the Federal Ministry of Finance, has conducted a sensitisation programme for Project Affected Persons on the proposed reconstruction and upgrade of the Alaoji–Onitsha 330kV Single Circuit Transmission…

FG budgets N33.9bn for airports upgrade

The Federal Government has proposed spending a total of N33,906,953,400 on the rehabilitation and upgrade of airports, runways, aprons, terminals, perimeter fencing, and safety-critical systems across the country in the 2026 fiscal year. The budget document shows that the funds…

Banks, consumer stocks drive capital market outlook

Consumer goods and banking stocks have been highlighted as drivers of opportunities in the Nigerian capital market. This projection was made by the Head of Equities and Alternative Solutions at First Asset Management, Laura Fisayo-Kolawole, at the Nigeria Economic Outlook…

Nigeria to invest 0m W’Bank loan in fibre infrastructure

Nigeria plans to channel $460m, representing about 92 per cent of a $500m World Bank loan, into the capitalisation of a proposed fibre infrastructure company set up to deploy 90,000 kilometres of climate-resilient broadband fibre across the country. This is…

DisCos abandon metering duty, NERC report reveals

Electricity distribution companies funded only 90,172 meters nationwide between 2019 and the third quarter of 2025, according to the Nigerian Electricity Regulatory Commission’s Third Quarter 2025 report, underscoring their limited contribution to closing Nigeria’s widening metering gap. This indicates that…

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